What is a non-recourse promissory note?

Answer A promissory note is a contractual agreement to repay a loan or other debt. A non-recourse promissory note limits the lender's recourse should the borrower default on the loan.UsesNon-recourse prom... Read More »

Top Q&A For: What is a non-recourse promissory note

Is a promissory note a promissory estoppel?

Promissory estoppel is not a promissory note. Promissory estoppel occurs when a person relies on a promise and has an economic detriment due to the reliance on the promise. Due to the reliance on t... Read More »

What is a promissory note?

A promissory note is a promise to repay a debt, according to The note details the date that payments are due, along with specific terms agreed upon by the parties involved.The Basics... Read More »

What is the opposite of a promissory note?

There is no true opposite of a promissory note, as it is an official financial tool with two parties, a promissor and a payee. The opposite of one promissory note would simply be the inverse relati... Read More »

What is a convertible promissory note?

Convertible promissory notes are interest-bearing notes that can be converted by the holder to cash, gold or other financial assets at any time. These types of notes are often used by companies to ... Read More »